From UNI, DOT and DOGE in the previous bull market to the emerging ORDI, BB and WLD in the current wave, it is generally reflected that these altcoins have suffered sharp price drops and investors have suffered serious losses.

It can be observed that new coins are mushrooming in the current market, but capital inflows are often concentrated in a few popular projects, causing other lesser-known altcoins to appear unusually deserted.

Altcoins do face huge challenges if they want to buck the market trend. They usually need to wait until the market is so frenzied that the greed index exceeds 80, mainstream currencies hit new highs, and the market share of the top five currencies drops significantly.

However, the top five currencies in the current market have occupied more than 80% of the market share, and the room for growth of altcoins is extremely limited.

At the end of a bull market, some secondary currencies may rise briefly, attracting retail investors to enter the market, but often the end result is that they are trapped at high levels. Therefore, considering that the current market has not yet reached extreme enthusiasm, it may be too early for altcoins to rebound significantly.

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